Strategic sourcing in supply chain management is the process of selecting and managing the most appropriate suppliers and vendors to provide goods and services necessary for an organization. It involves identifying and evaluating potential suppliers, negotiating beneficial terms with those suppliers, and monitoring their performance over the long term to ensure they remain the best choice. Through strategic sourcing, organizations can maximize both cost savings and benefit from innovative products and services. With careful analysis and planning, businesses can ensure they have reliable access to high-quality resources while optimizing their total cost of ownership.